Amazon is expanding in the gaming sector
As the battle between Microsoft and Sony intensifies over who has the best gaming console, another major company joins the party.
Amazon announced that it would launch its own cloud gaming service, which will forgo the need for dedicated hardware consoles. Luna is the name of the platform, and it will have a library with 100 titles. Like PlayStation and Xbox, it will have a special controller.
The announcement came after both Microsoft and Sony released their cloud gaming products. But unlike these two, Amazon's Luna will have "channels" for various publishers, for which users will have to pay a monthly fee. Besides Amazon Luna + channel, which will cost $6/ month, Ubisoft is the only company included so far in those "channels."
Luna will be available as a web app for Apple devices. If everything goes smoothly, it would be Amazon's second success in the gaming sector after Twitch – a live streaming platform that it bought in 2014 for $970 million.
Following the news, Amazon stock price added 0.50%.
Sources: cnbc.com, finance.yahoo.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.